Northrop Grumman Corporation (NOC) : Bristlecone Advisors added new position in Northrop Grumman Corporation during the most recent quarter end. The investment management firm now holds 9,345 shares of Northrop Grumman Corporation which is valued at $2,011,231 , the company said in a statement filed on Oct 12, 2016 with the SEC.Northrop Grumman Corporation makes up approximately 0.73% of Bristlecone Advisors’s portfolio.
Other Hedge Funds, Including , Genesee Valley Trust Co reduced its stake in NOC by selling 52 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 5,635 shares of NOC which is valued at $1,212,765. Northrop Grumman Corporation makes up approx 0.78% of Genesee Valley Trust Co’s portfolio.Carroll Financial Associates reduced its stake in NOC by selling 1 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 85 shares of NOC which is valued at $18,413.Chevy Chase Trust Holdings reduced its stake in NOC by selling 5,286 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 152,300 shares of NOC which is valued at $32,360,704. Northrop Grumman Corporation makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NOC by selling 12,281 shares or 20.95% in the most recent quarter. The Hedge Fund company now holds 46,346 shares of NOC which is valued at $9,847,598. Northrop Grumman Corporation makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.
Northrop Grumman Corporation closed down -1.4 points or -0.65% at $215.22 with 6,82,520 shares getting traded on Tuesday. Post opening the session at $216.22, the shares hit an intraday low of $214.69 and an intraday high of $216.46 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Northrop Grumman Corporation reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.53. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5921.84 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.
Many Wall Street Analysts have commented on Northrop Grumman Corporation. Company shares were Downgraded by JP Morgan on Aug 25, 2016 to ” Neutral”, Firm has raised the Price Target to $ 231 from a previous price target of $225 .
Northrop Grumman Corporation is a global security company. The Company provides systems products and solutions in unmanned systems; cyber; command control communications and computers (C4) intelligence surveillance and reconnaissance (C4ISR); strike aircraft and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.